Housing Loans
Housing Loans
Housing loans are sanctioned to enable individuals to have their own Houses. The property is required to be mortgaged by way of registered equitable mortgage. The rate of interest for housing loans is ranging from 11% to 12%. 75% to 80 % of the total cost of the property is given by way of loan. The loan is to be repaid within maximum period of 10 years by monthly installment.
For more information about Naroda Nagrik Co-operative Bank’s Housing Loan Scheme, contact one of our knowledgeable loan representatives at one of our branches. We will be happy to help you to choose the best offer available with us.
| RATE OF INTEREST FOR HOUSING LOANS |
| Housing Loans |
New House |
Old House |
| Up to Rs. 5.00 lacks |
11.00 % |
11.50 % |
| Over Rs. 5.00 lacks |
11.50 % |
12.00 % |
|